Iran Mulls Development of Major Gas Field in Persian Gulf

Mohammad Meshkin Fam said the good news about the field is that it is owned 80% by Iran. 

Besides Farzad B, POGC is also considering development of North Pars, Golshan and Ferdowsi fields. 

Iran owns 20% of Farzad B, he said. 

POGC is in talks with an Indian developer for developing the field. 

The Farzad B gas field was discovered in 2012. It began production in 2013 and produces natural gas and condensates. 

The total in-place reserves of the gas field are around 21.7 trillion cubic feet (620×109m3) of which around 60 percent is recoverable and production is slated to be around 1.1 billion cubic feet/day (31×106m3).